Fed’s Kaplan isn’t looking for a pause in rate hikes

Federal Reserve Bank of Dallas President Robert Kaplan calls three rate hikes as a reasonable base line and balance sheet trimming as an appropriate step in the future.

Key quotes

Fed should trim balance sheet in a gradual and predictable way

Fed should let both MBS and Treasuries to run off balance sheet

Anything that would imperil healthy US consumer would pose a risk to economic outlook